Results: Bank Policy
Mortgage rates trucking along as is for now
It's all looking pretty quiet on the interest rates front at the moment. While shorter-term rates are expected to fall a little fu...
Competition keeping mortgage rates in check, despite rise in wholesale rates
Wholesale rates have gone up slightly in the wake of our latest 0.25% OCR cut, raising concerns that mortgage rates may follow sui...
Another OCR cut in the bag—and we're almost at the bottom of the rate cycle
The Reserve Bank dropped the OCR by a further 0.25% this week, down to 3.25%—meaning we're now within reaching distance of the bot...
Interest rate rises to continue this year
Welcome to my first fortnightly column on mortgage rate levels and prospects in New Zealand. At the start of 2022 we can see that all fixed interest rates have in fact risen quite firmly.
Rate rises delayed but with upside risk
Borrowers could reasonably expect higher rates at their peaks, but not necessarily a faster speed of increase. Our central bank has an established long-term record of too often tightening monetary policy too slowly.
OCR remains unchanged, RBNZ to keep monetary policy steady
There's no reason for strongly believing that we face a future of sustained high inflation which will require an interest rate crunch. But borrowers should pay attention to the upside risks and the extreme uncertainty regarding how far and fast rates rise.
Why interest rates will remain low for a few years - Tony Alexander
Banks lend out about $280 billion to households for housing purchases. But they have funding from households exactly equal to $200 billion. It might pay to stop and think about that number for a moment.
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